Michael Moskow Inflation Quotations

If inflation or inflation expectations were to rise persistently, then policy clearly would have to be tightened further,

If inflation expectations did become unhinged, this might require a stronger response,

Rising oil prices, like other unfavorable price shocks, can also feed through and raise underlying core inflation, ... So there is also a risk on the inflation front, and the risk is higher now than it was a year ago.

Even without an increase in inflation expectations, it will take appropriate monetary policy to keep inflation well contained,

It will take appropriate monetary policy to keep inflation and inflation expectations well contained. For me, at this time, such policy likely entails further removal of policy accommodation,

Inflation currently is near the upper end of the range that I feel is consistent with price stability. As such, I believe monetary policy must be vigilant.

I'm concerned about core inflation running at the upper end of the range that I feel is consistent with price stability.